Public Enterprise

The Division assesses the impact of enterprises on the overall economy and develops as well as advises the Financial Secretary and the Minister of Finance and the Public Service (MOFPS) on appropriate policy options for ownership and control of individual enterprises.

A major function of the Public Enterprises Division (PED) is to examine continuously the financial performance of the Public Sector Entities.

Performance is measured againsts budgets and where applicable, agreed targets under the Public Sector Financial programme.

The Division assesses the impact of enterprises on the overall economy and develops as well as advises the Financial Secretary and the Minister of Finance and the Public Service (MoFPS) on appropriate policy options for ownership and control of individual enterprises.

To this end, the Division is integrally involved in the privatisation programme of the government. The Division is also required to promote sound financial management practices within these enterprises in order to reduce dependency on Government’s resources and improve their financial viability.

Mission

To develop policies and monitor adherence to policy guidelines that will lead to improved financial management practices in Public Bodies.

Objectives

To promote sound financial management practices within Public Bodies in order to minimise dependence on budgetary resources and improve flows from viable operations to the Consolidated Fund.

Services

Cabinet Submission Preparation for Public Enterprises
Financial Guidance for Public Enterprises
Governance Policy Guidance
Governance Policy Sensitization Sessions
Public Bodies Budget Preparation
Request for Financing for Public Enterprises
Review Financial Statements and Operational Reports
Technical Advice for Public-Private Partnership Initiatives

Administering the Public Bodies Management and Accountability Act (2001)
Conducting PBMA Act Workshops for Public Bodies
Evaluating the physical achievement of entities
Recommending governmental policy decisions to achieve effective management of Government’s investment in these enterprises to generate optimal economic and social benefits for the country as a whole and developing the Public Sector Investment Programme for the Selected Public Bodies;
Interpreting micro-economic data relating to these enterprises in the context of the global economy and the overall national targets, as those established under agreements with International Financial Institutions such as the World Bank, Inter – American Development Bank (IDB) and the International Monetary Fund (IMF).
Compiling the Jamaica Public Bodies Estimates of Revenue & Expenditure
Cabinet Submissions
Ministry Papers
Public Sector Entities Investment Programme report
Appraisal Reports

Units and Sections

There are three (4) units within the Division, these being International Trade Relations, Research and Analysis, Policy Review and Development and the Tax Relief Unit.

The work of the Public Enterprises Division is carried out in the following units:

Production, Transport and Social Services
- Agriculture and Social Services (Education & Housing)
- Transport, Mining & Energy
Finance and Infrastructure
- Air, Marine, Development
- Finance and Water
Management Support
- Management Information
- Policy Development for Public Bodies

Contact

Address: 30 Heroes Circle, Kingston 4

Email: custserv@mof.gov.jm

Phone: +1 (876) 922-8600

Website: mof.gov.jm

Public Enterprise

The Division assesses the impact of enterprises on the overall economy and develops as well as advises the Financial Secretary and the Minister of Finance and the Public Service (MOFPS) on appropriate policy options for ownership and control of individual enterprises.

Mission

Objectives

Services

Units and Sections

Contact

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